The Shiba Inu coin has risen massively in the last few hours. This meme coin gained about 20% and thus made an extreme price jump for the first time in a long time. Meme coins remain a hot investment despite the backlashes from tech crypto junkies. Why is SHIB up 20% and should you jump on board to buy SHIB? Let's dive right in!

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In the last few weeks, things have been rather quiet for the Shiba Inu Coin. For a long time, bearish news dominated the market, and meme coins suffered losses as a result. Meme coins such as Dogecoin or the Shiba Inu record high price gains, especially during bullish times.

In mid-January, the Shiba Inu once again posted strong gains when Elon Musk announced that the coin could be used as payment for Tesla merchandise. After that, however, little was heard of the cryptocurrency. If we look closely at figure 1, we can clearly see the consolidation that occurred since the 22nd of January 2022. The current price boom was imminent after such price-action.

Currently, there has been a massive increase in the price of Shiba Inu by around 20%. It went from $0.00023 to $0.00028 in the past 24 hours. The rise came at a time when bitcoin and other coins are in more of a sideways movement. This shows that SHIB tends to be a lagger when other major cryptos start to move.

Now is an ideal point to get into the Shiba Inu Coin. Buy bitcoin and other cryptocurrencies on crypto exchanges  Binance ,  Coinbase ,  Kraken  and  Bitfinex !

Meme coins like SHIBA or DOGE can always see extreme price jumps within a short time. There is always uncertainty as to how stable these price movements are. Meme coins are considered to be much more volatile than other types of cryptocurrencies, hence their current +20% price-action.

Based on the current technical formation of SHIB, a break upwards in the trend was bound to happen. While other cryptos broke away from their downtrend and reversed, the SHIB token lagged. Afterwards, a price boom occurred to compensate for this price lag. Today, we can see a break in the resistance price of $0.000028.

If the current price stays above the $0.000028 area and the crypto market in general continues on its bullish trend, SHIB should most likely return to its previous levels.

With the rise of the Shiba Inu course, we can be the great potential of the meme coins. If the bull market picks up speed again in February, these coins could see extreme price increases again in the next few weeks.

It is therefore advisable to also keep a certain proportion of meme coins in your portfolio. Although there is a higher risk with this investment than with Bitcoin, for example, the possible profits can be extremely high.

You can now buy the Shiba Inu Coin cheaply on the crypto exchanges  Binance ,  Coinbase ,  Kraken  and  Bitfinex.

The Shiba Inu Coin was one of the big surprises of 2021. The meme coin experienced massive hype and an extreme rise into the top 10 cryptocurrencies by market capitalization. Despite the current crypto market crash, SHIBA INU might be a good buy if you are considering investing in one of the meme coins available. Let's name 3 reasons why Shiba Inu 2022 Coin might strive further.

If we ask ourselves whether a meme coin can be successful in the long term, we just have to look at the "big brother" Dogecoin. This meme coin experienced a great rise in 2017. During the massive bull market at the end of the year 2021, the meme currency gained tremendously in value for the first time. Thanks to Elon Musk, the entire Dog token market rose and became the center of attention in the meme coin scene. On the other hand, while Dogecoin and other dog tokens seem to be dependent on Elon's Twitter activity, Shiba Inu seems to be slowly detaching from this web.

Dogecoin lost value again in 2018, but was able to stay in the top 30 cryptocurrencies. Many observers who believed that Dogecoin should remain a short-term phenomenon have been taught better. The Shiba Inu Coin has a prominent role model here for the year 2022.

It's no secret that meme coins gain massively in value, especially in bullish weeks. However, they also lose a lot in bear markets. So far, the Shiba Inu Coin has held up very well in the final weeks of 2021 and early 2022, although the market has been very bearish.

In 2022, however, the market appears to remain largely bullish. Historically, we have not seen the great parabolic slope of the Bitcoin price and later the Altcoin rate. It is very likely that the 4-year Bitcoin cycle has lengthened. This should benefit Shiba Inu in 2022.

A few years ago, meme coins were considered pure fun currencies with no specific use cases. This has now changed. Many meme coins have large ecosystems and can fulfill different functions - from means of payment to the main basis of dApps...it looks like this project is steadily becoming more mature.

As a project, Shiba Inu has its own ecosystem, which has 3 tokens of its own: Shiba Inu (SHIB), Leash (LEASH), and Bone (BONE). Shiba Inu also supports smart contracts and can be staked and users can generate passive income. Shiba Inu should therefore also remain relevant in 2022. Let's see how 2022 treats Shiba Inu tokens!

You can purchase the Shiba Inu tokens on the  Binance ,  Coinbase ,  Kraken  and  Bitfinex crypto exchanges.

The Internet has a common story from the crypto-verse everywhere lately. Yes, we indeed are talking about the Shiba Inu explosion. A 276 billion whale buying activity and Binance listing made this token a top choice for the month. So, if you are FOMOing, we are here to help you. In this buyer's guide, we help you trade Shiba on Binance. So, without further ado, let's get started on how to buy Shib on Binance.

Login to the Binance Account

USDT and Shiba Inu trade in pairs. As a result, you need to first buy USDT to trade Shiba. Go to trade on Binance as shown on the top midsection.

Click on P2P. A screen like this would appear. 

Change currency as per your choice and pick a payment option. Here, I have chosen INR. A dialogue box will appear like this. Click the agreement tickbox and confirm.

Choose the amount of USDT you want to trade. For example, I am buying from XYZ840  USDT for $400.  A screen like this will appear. 

It will show how many USDT you will receive. You can pick payment options like PayPal, Skrill, Perfect Money, and Banco for the same. Once you make the payment, your funding wallet will receive the asset.

Click on the Binance Logo.

Click on Trade.

Click on convert. A screen as shown below would appear. 

Once you have the USDT balance, swap it for Shiba INU. It takes 5 seconds to validate the transaction.

You can trade Shiba Inu with Debit and Credit cards as well. Click on buy crypto as shown by the side of the Binance logo. 

Click on buy with bank transfer and bank card (V/MC) as shown.

Enter the amount you want to spend on buying Shiba. However, the same process as mentioned above will follow. Users need to buy the USDT for the swap. Hence, you can choose the option that best suits you.

Note: 

- FOMO: Means fear of missing out. 
- V/MC: Visa and Mastercard